Perishabull Posted March 14, 2012 Report Share Posted March 14, 2012 There's a good chance that buying double silver at 26 and again around 30 will give over a 1000% return if silver spikes through 100 in the next 2 or 3 years. Link to comment Share on other sites More sharing options...
romans holiday Posted March 14, 2012 Report Share Posted March 14, 2012 No certainties. Just calculated risks. The trade has been a long time in the making and based on my macro views combined with the charts. Link to comment Share on other sites More sharing options...
Perishabull Posted March 14, 2012 Report Share Posted March 14, 2012 No certainties. Just calculated risks. The trade has been a long time in the making and based on my macro views combined with the charts. It was certainly an excellent entry point. And where do you reckon the Dollar Index / Gold would be trading at with Silver at $100? Link to comment Share on other sites More sharing options...
romans holiday Posted March 14, 2012 Report Share Posted March 14, 2012 It was certainly an excellent entry point. And where do you reckon the Dollar Index / Gold would be trading at with Silver at $100? Gold? It's on the base-line now [1600] so in 2 years the base-line should be around 2300/ 2400 [20 odd % yearly appreciation]. From there it should go on a wild spike at some point. Assuming the spike is similiar to the recent one which saw gold go from 1500 to 1900, gold could predictably spike from say 2300 to 3000. So silver spiking to 100 could see gold spike to 3000.... in 2 years or so. Dollar index? Haven't the foggiest. Only doubt it will collapse. Link to comment Share on other sites More sharing options...
romans holiday Posted March 15, 2012 Report Share Posted March 15, 2012 50 day MA moving up with silver still coming off a bit here. Looks like a good buying opportunity is shaping up. Link to comment Share on other sites More sharing options...
huntergatherer Posted March 16, 2012 Report Share Posted March 16, 2012 Silver's False Bullish Breaks Head Fake Technicians Friday March 16, 2012 15:42 Interestingly, that temporary spike in silver was accompanied by at least three important bullish technical breakouts that subsequently turned out to be false signals:- 1. False Break of Declining Trendline 2. False Break of 200-day Moving Average 3. False Break of Double Bottom Neckline http://www.kitco.com/ind/Lewis/20120316.html Link to comment Share on other sites More sharing options...
romans holiday Posted March 16, 2012 Report Share Posted March 16, 2012 Silver's False Bullish Breaks Head Fake Technicians Friday March 16, 2012 15:42 Interestingly, that temporary spike in silver was accompanied by at least three important bullish technical breakouts that subsequently turned out to be false signals:- 1. False Break of Declining Trendline 2. False Break of 200-day Moving Average 3. False Break of Double Bottom Neckline http://www.kitco.com/ind/Lewis/20120316.html An article posted yesterday commenting on the previous month's action in silver. Hardly very bright or predictive these retro 'technicians'. This posted last month, at the time of the wave up, predicting the consolidation we see now. http://www.greenenergyinvestors.com/index.php?showtopic=9164&view=findpost&p=241085 Link to comment Share on other sites More sharing options...
huntergatherer Posted March 20, 2012 Report Share Posted March 20, 2012 Silver Channels Lower During 40% Downtrend March 21, 2012 - 3:32AM Silver has moved over 40% lower from its 2011 high. Prices falling off of channel resistance gives traders the opportunity to join the move. A price channel has emerged with a fresh test of resistance at $37.48 on February 29th. We can see price being contained by support and resistance as it continues its trajectory lower. As price trades under the main trend line we will keep a bearish trend bias on silver and look for selling opportunities. http://www.smh.com.au/business/daily-forex/silver-channels-lower-during-40-downtrend-20120321-1vifn.html Link to comment Share on other sites More sharing options...
Perishabull Posted March 20, 2012 Report Share Posted March 20, 2012 Silver Channels Lower During 40% Downtrend March 21, 2012 - 3:32AM Silver has moved over 40% lower from its 2011 high. Prices falling off of channel resistance gives traders the opportunity to join the move. A price channel has emerged with a fresh test of resistance at $37.48 on February 29th. We can see price being contained by support and resistance as it continues its trajectory lower. As price trades under the main trend line we will keep a bearish trend bias on silver and look for selling opportunities. http://www.smh.com.a...0321-1vifn.html Giant bullflag? Link to comment Share on other sites More sharing options...
romans holiday Posted March 20, 2012 Report Share Posted March 20, 2012 The other thing is a reverse head and shoulders shaping up on silver, and in the context of the upward mega-trend. Most clearly seen on the log chart. Link to comment Share on other sites More sharing options...
romans holiday Posted March 20, 2012 Report Share Posted March 20, 2012 The other thing is a reverse head and shoulders shaping up on silver, and in the context of the upward mega-trend. Most clearly seen on the log chart. Link to comment Share on other sites More sharing options...
halight Posted March 22, 2012 Report Share Posted March 22, 2012 Hoard of Roman coins found near Roman Baths in Bath The coins were found close to the Roman Baths More than 30,000 Roman coins have been found by archaeologists working on the site of a new hotel in Bath. The silver coins are believed to date from 270AD and are being described as the fifth largest hoard ever found. They were discovered by archaeologists working 150 metres from the historic Roman Baths. The coins are fused together and have been sent to the British Museum. Conservators are expected to take at least a year to work through them. http://www.bbc.co.uk/news/uk-england-somerset-17480016 Link to comment Share on other sites More sharing options...
romans holiday Posted March 23, 2012 Report Share Posted March 23, 2012 With AGQ close to a heavy buy order placed at 50, have bought it here with half the funds. Rest of funds still placed for 50. Close enough to 50, so have bought with the last of my earmarked funds. I've now pretty much exposed to precious metals with all my liquid worth, with this trade balanced against core gold. Will be keen to reduce a lot of that exposure on the next silver spike. Target of 600 odd in two years or so. Link to comment Share on other sites More sharing options...
Carlton Posted March 23, 2012 Report Share Posted March 23, 2012 Close enough to 50, so have bought with the last of my earmarked funds. I've now pretty much exposed to precious metals with all my liquid worth, with this trade balanced against core gold. Will be keen to reduce a lot of that exposure on the next silver spike. Target of 600 odd in two years or so. 600 for AGQ? Given how the levered etfs work, you may lose significant value over any timeframe beyond short-term. Link to comment Share on other sites More sharing options...
romans holiday Posted March 23, 2012 Report Share Posted March 23, 2012 600 for AGQ? Given how the levered etfs work, you may lose significant value over any timeframe beyond short-term. we'll see. This has been discussed on my trading thread. Link to comment Share on other sites More sharing options...
halight Posted March 23, 2012 Report Share Posted March 23, 2012 Silver Wheaton reports 92% increase in 2011 net earnings Silver Wheaton CEO Randy Smallwood says the company finished 2011 "with its strongest ever quarter of production and sales." http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=147851&sn=Detail&pid=102055 Link to comment Share on other sites More sharing options...
Errol Posted March 25, 2012 Report Share Posted March 25, 2012 http://www.youtube.com/watch?feature=player_embedded&v=IHcusYVwNWc Link to comment Share on other sites More sharing options...
halight Posted March 27, 2012 Report Share Posted March 27, 2012 1/2 Million Ounces of Silver Withdrawn from Brink's Vaults Friday http://silverdoctors.blogspot.co.uk/2012/03/12-million-ounces-of-silver-withdrawn.html Link to comment Share on other sites More sharing options...
emel Posted March 28, 2012 Report Share Posted March 28, 2012 Close enough to 50, so have bought with the last of my earmarked funds. I've now pretty much exposed to precious metals with all my liquid worth, with this trade balanced against core gold. Will be keen to reduce a lot of that exposure on the next silver spike. Target of 600 odd in two years or so. I'm really not sure about your target of 600, but I agree that we've recently had a good entry point. I bought on Friday at a price of $52.86. I decided to buy based on a belief that QE3 will push the price of silver/gold up (I also hold physical), and various SMA charts suggested a low was approaching. I got a nice move up after purchase on Friday and on Monday, while it fell back a bit today. I'm happy with the timing, and my target is only around 70. I'm not expecting to hold for long, but as always, things can change. I'm playing with money inside my "trading account" here, it's a relatively small amount and I'm happy to take on more risk than my other portfolios. Link to comment Share on other sites More sharing options...
romans holiday Posted March 28, 2012 Report Share Posted March 28, 2012 I'm really not sure about your target of 600, but I agree that we've recently had a good entry point. I bought on Friday at a price of $52.86. I decided to buy based on a belief that QE3 will push the price of silver/gold up (I also hold physical), and various SMA charts suggested a low was approaching. I got a nice move up after purchase on Friday and on Monday, while it fell back a bit today. I'm happy with the timing, and my target is only around 70. I'm not expecting to hold for long, but as always, things can change. I'm playing with money inside my "trading account" here, it's a relatively small amount and I'm happy to take on more risk than my other portfolios. Yes, looks a good entry point. This instrument looks like a good one to trade in the shorter period. Thought about it myself [over and above - or below - the medium term] but personally have neither the time nor inclination for the shorter term trading, or day/ week trading. Still, may give it some thought.... and may shorter term trade a 1/3 of my medium term longs.Would then want to sell a bit on a silver spike and higher than the previous one. I guess that would be trading in the short/ medium term. It would also serve to hedge the heavy medium position. Link to comment Share on other sites More sharing options...
huntergatherer Posted March 28, 2012 Report Share Posted March 28, 2012 Bottoms Are Nearing I’d expect a move to the strong support level in silver near $30 and hopefully a washout spike below that. http://www.kitco.com/ind/Bevan/20120326.html Link to comment Share on other sites More sharing options...
malvern hills Posted April 2, 2012 Report Share Posted April 2, 2012 up 2.7 % so far today. any news or just a big reaction off the lows? Link to comment Share on other sites More sharing options...
14k Posted April 2, 2012 Report Share Posted April 2, 2012 http://seekingalpha.com/article/414121-how-to-trade-silver-in-an-election-year?source=email_rt_mc&ifp=0 Link to comment Share on other sites More sharing options...
halight Posted April 2, 2012 Report Share Posted April 2, 2012 http://seekingalpha.com/article/414121-how-to-trade-silver-in-an-election-year?source=email_rt_mc&ifp=0 Thanks for that. It was interesting Link to comment Share on other sites More sharing options...
halight Posted April 5, 2012 Report Share Posted April 5, 2012 US Mint Silver Eagle Sales Update The US Mint today reported 320,000 silver eagles sold throughout the first 2 business days of April. March sales totals came in at 2.542 million ounces, nearly double February's anemic sales of 1.49 million ounces, and nearly on pace with March of 2011's sales totals of 2.767 million eagles. This week's smash seems to have brought back the value buyers, as the strong hands STACK THE SMACK and scoop up discounted phyzz in massive quantities thanks to The Bernank's discount. http://silverdoctors.blogspot.co.uk/2012/04/us-mint-silver-eagle-sales-update.html?utm_medium=twitter&utm_source=twitterfeed Read more at web site Link to comment Share on other sites More sharing options...
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